Exhibit 99.1

FERRELLGAS PARTNERS REPORTS

SOLID START TO FISCAL YEAR

OVERLAND PARK, KAN., December 6, 2013/PR Newswire/ — Ferrellgas Partners, L.P. (NYSE:FGP), one of the nation’s largest distributors of propane, today reported results for the fiscal 2014 first quarter ended October 31.

The partnership reported Adjusted EBITDA of $26.4 million and Distributable Cash Flow of $3.0 million producing trailing 12 month distributable cash flow coverage of 1.08x on cash distributions paid to unitholders.  Revenues grew to $415.0 million, up 14% from $362.9 million in the prior-year quarter, reflecting both an increase in wholesale propane costs and sales volumes.

Gross profit rose 2% to a near record $142.9 million from $140.1 million a year earlier on increased sales volumes partially offset by lower retail margins adversely affected by the higher wholesale cost of propane that rose 20% over the year before.

President and Chief Executive Officer Steve Wambold commented, “Fiscal 2014 is off to a solid start with nationwide winter temperatures forecasted near normal levels this coming season.  Based on these weather forecasts, our first-quarter results and the strength of our underlying fundamentals, we project Adjusted EBITDA between $265 million and $275 million for fiscal 2014.”

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Propane sales grew 6% to 191.0 million gallons based upon increased wholesale and agricultural demand in the quarter.  Correspondingly, operating expense increased to $103.0 million, from $96.4 million the year before, each representing $0.54 per gallon sold.  General and administrative expense was $9.5 million, compared to $8.1 million in the year prior, each excluding nonrecurring litigation reserve and related legal fees that totaled $1.3 million and $0.7 million, respectively.  The partnership also expensed $0.3 million in the quarter associated with corporate development activities that ultimately did not result in a transaction.  The seasonal first-quarter loss was $25.1 million, or $0.31 per unit, compared to $17.8 million, or $0.22 per unit.

Wambold commented further, “We were very active in our acquisition efforts this quarter bidding on several growth opportunities; successfully acquiring KanGas Corporation, located in Basehor, KS during November.  We will continue to aggressively seek operations that strategically enhance our business operations, while maintaining our strict acquisition criteria.”  Wambold concluded, “We further positioned ourselves for growth with the successful offering of $325 million 6.75% senior notes due 2022, which were used to refinance our existing $300 million 9.125% senior notes due 2017, and refinancing of our credit facility.  These transactions immediately increased our borrowing capacity more than $100 million while at the same time materially reducing interest expense going forward; we expect to save approximately $3.0 million in fiscal 2014 and approximately $5.0 million annually thereafter as a result of these transactions.”

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Ferrellgas Partners, L.P., through its operating partnership Ferrellgas L.P., serves customers in all 50 states, the District of Columbia and Puerto Rico.  Ferrellgas employees indirectly own more than 21 million common units of the partnership through an employee stock ownership plan.  More information about the partnership can be found online at www.ferrellgas.com.

Statements in this release concerning expectations for the future are forward-looking statements. A variety of known and unknown risks, uncertainties and other factors could cause results, performance and expectations to differ materially from anticipated results, performance and expectations. These risks, uncertainties and other factors are discussed in the Form 10-K of Ferrellgas Partners, L.P., Ferrellgas Partners Finance Corp., Ferrellgas, L.P., and Ferrellgas Finance Corp. for the fiscal year ended July 31, 2013, and other documents filed from time to time by these entities with the Securities and Exchange Commission.

Contact:

Tom Colvin, Investor Relations, (913) 661-1530 or tomcolvin@ferrellgas.com

Scott Brockelmeyer, Media Relations, (913) 661-1830 or scottbrockelmeyer@ferrellgas.com

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FERRELLGAS PARTNERS, L.P.  AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except unit data)

(unaudited)

	October 31, 2013			July 31, 2013
ASSETS
Current Assets:
Cash and cash equivalents	$	8,435		$	6,464
Accounts and notes receivable, net (including $167,645 and $130,025 of accounts receivable pledged as collateral at October 31, 2013 and July 31, 2013, respectively)	178,549			131,791
Inventories	140,795			117,116
Prepaid expenses and other current assets	42,647			25,608
Total Current Assets	370,426			280,979
Property, plant and equipment, net	587,065			589,727
Goodwill	253,362			253,362
Intangible assets, net	184,296			189,516
Other assets, net	46,125			42,444
Total Assets	$	1,441,274		$	1,356,028
LIABILITIES AND PARTNERS’ DEFICIT
Current Liabilities:
Accounts payable	$	87,014		$	49,128
Short-term borrowings	115,083			50,054
Collateralized note payable	97,000			82,000
Other current liabilities	126,943			121,102
Total Current Liabilities	426,040			302,284
Long-term debt (a)	1,116,150			1,106,940
Other liabilities	33,977			33,431
Contingencies and commitments
Partners’ Deficit:
Common unitholders (79,081,819 and 79,072,819 units outstanding at October 31, 2013 and July 31, 2013, respectively)	(85,633		)	(28,931		)
General partner unitholder (798,806 and 798,715 units outstanding at October 31, 2013 and July 31, 2013, respectively)	(60,934		)	(60,362		)
Accumulated other comprehensive income	11,155			1,697
Total Ferrellgas Partners, L.P. Partners’ Deficit	(135,412		)	(87,596		)
Noncontrolling Interest	519			969
Total Partners’ Deficit	(134,893		)	(86,627		)
Total Liabilities and Partners’ Deficit	$	1,441,274		$	1,356,028

(a) The principal difference between the Ferrellgas Partners, L.P. balance sheet and that of Ferrellgas, L.P., is $182 million of 8.625% notes which are liabilities of Ferrellgas Partners, L.P. and not of Ferrellgas, L.P.

FERRELLGAS PARTNERS, L.P. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

FOR THE THREE AND TWELVE MONTHS ENDED OCTOBER 31, 2013 AND 2012

(in thousands, except per unit data)

(unaudited)

	Three months ended						Twelve months ended
	October 31						October 31
	2013			2012			2013			2012
Revenues:
Propane and other gas liquids sales	$	382,223		$	335,281		$	1,786,209		$	1,982,007
Other	32,807			27,628			241,379			181,568
Total revenues	415,030			362,909			2,027,588			2,163,575
Cost of product sold:
Propane and other gas liquids sales	258,754			213,657			1,137,358			1,412,421
Other	13,346			9,197			148,605			97,894
Gross profit	142,930			140,055			741,625			653,260
Operating expense (including $626 of severance costs for the twelve month period ended October 31, 2012)	102,966			96,434			416,591			396,003
Depreciation and amortization expense	20,215			20,875			82,684			84,042
General and administrative expense (including $429 of severance costs for the twelve month period ended October 31, 2012)	10,781			8,774			44,034			36,526
Equipment lease expense	4,066			3,923			16,126			15,042
Non-cash employee stock ownership plan compensation charge	3,043			2,402			16,410			9,263
Non-cash stock and unit-based compensation charge (b)	4,431			3,092			14,884			9,018
Loss on disposal of assets	357			271			10,507			5,997
Operating income (loss)	(2,929		)	4,284			140,389			97,369
Interest expense	(22,093		)	(22,435		)	(88,803		)	(92,302		)
Loss on extinguishment of debt	(301		)	—			(301		)	0
Other income, net	216			91			690			630
Earnings (loss) before income taxes	(25,107		)	(18,060		)	51,975			5,697
Income tax expense (benefit)	(50		)	(264		)	2,069			1,494
Net earnings (loss)	(25,057		)	(17,796		)	49,906			4,203
Net earnings (loss) attributable to noncontrolling interest (a)	(214		)	(138		)	665			209
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	(24,843		)	(17,658		)	49,241			3,994
Less: General partner’s interest in net earnings (loss)	(248		)	(177		)	492			40
Common unitholders’ interest in net earnings (loss)	$	(24,595	)	$	(17,481	)	$	48,749		$	3,954
Earnings (loss) Per Unit
Basic and diluted net earnings (loss) per common unitholders’ interest	$	(0.31	)	$	(0.22	)	$	0.62		$	0.05
Weighted average common units outstanding	79,075.8			79,013.3			79,054.4			78,338.3

Supplemental Data and Reconciliation of Non-GAAP Items:

	Three months ended						Twelve months ended
	October 31						October 31
	2013			2012			2013			2012
Net earnings (loss) attributable to Ferrellgas Partners, L.P.	$	(24,843	)	$	(17,658	)	$	49,241		$	3,994
Income tax expense (benefit)	(50		)	(264		)	2,069			1,494
Interest expense	22,093			22,435			88,803			92,302
Depreciation and amortization expense	20,215			20,875			82,684			84,042
EBITDA	17,415			25,388			222,797			181,832
Loss on extinguishment of debt	301			—			301			—
Non-cash employee stock ownership plan compensation charge	3,043			2,402			16,410			9,263
Non-cash stock and unit-based compensation charge (b)	4,431			3,092			14,884			9,018
Loss on disposal of assets	357			271			10,507			5,997
Other income, net	(216		)	(91		)	(690		)	(630		)
Severance costs	—			—			—			1,055
Nonrecurring litigation reserve and related legal fees	1,325			688			2,205			1,580
Net earnings (loss) attributable to noncontrolling interest	(214		)	(138		)	665			209
Adjusted EBITDA (c)	26,442			31,612			267,079			208,324
Net cash interest expense (d)	(20,586		)	(21,075		)	(83,006		)	(86,644		)
Maintenance capital expenditures (e)	(4,137		)	(4,275		)	(14,932		)	(14,992		)
Cash paid for taxes	—			(18		)	(532		)	(779		)
Proceeds from asset sales	1,317			4,771			6,526			9,150
Distributable cash flow to equity investors (f)	$	3,036		$	11,015		$	175,135		$	115,059
Propane gallons sales
Retail - Sales to End Users	125,252			124,883			638,292			611,353
Wholesale - Sales to Resellers	65,779			54,555			274,671			249,946
Total propane gallons sales	191,031			179,438			912,963			861,299

(a)  Amounts allocated to the general partner for its 1.0101% interest in the operating partnership, Ferrellgas, L.P.

(b)  Non-cash stock and unit-based compensation charges consist of the following:

	Three months ended				Twelve months ended
	October 31				October 31
	2013		2012		2013		2012
Operating expense	$	798	$	711	$	2,478	$	2,291
General and administrative expense	3,633		2,381		12,406		6,727
Total	$	4,431	$	3,092	$	14,884	$	9,018

(c)  Adjusted EBITDA is calculated as earnings (loss) before income tax expense (benefit), interest expense, depreciation and amortization expense, loss on extinguishmentof debt, non-cash employee stock ownership plan compensation charge, non-cash stock and unit-based compensation charge, loss on disposal of assets, other income (expense), net, serverance costs, nonrecurring litigation reserve and related legal fees and net earnings (loss) attributable to noncontrolling interest. Management believes the presentation of this measure is relevant and useful because it  allows investors to view the partnership’s performance in a manner similar to the method management uses, adjusted for items management believes makes it easier to compare its results with other companies that have different financing and capital structures. This method of calculating Adjusted EBITDA may not be consistent with that of other companies and should be viewed in conjunction with measurements that are computed inaccordance with GAAP.

(d)  Net cash interest expense is the sum of interest expense less non-cash interest expense and other income (expense), net. This amount includes interest expense related to the accounts receivable securitization facility.

(e)  Maintenance capital expenditures include capitalized expenditures for betterment and replacement of property, plant and equipment.

(f)  Management considers Distributable cash flow to equity investors a meaningful non-GAAP measure of the partnership’s ability to declare and pay quarterly distributions to common unitholders. Distributable cash flow to equity investors, as management defines it, may not be comparable to distributable cash flow or similarly titled measures used by other corporations and partnerships.